Forex / Fx Trading
Currency Hedger are an ECN – STP broker. Each and every trade clients place is matched in an electronic configured network (ECN), through a straight through processing (STP) method. Currency Hedger does not operate a dealing desk, or make a market in forex. These four critical factors ensure that Currency Hedger clients are enjoying the most transparent access to the FX markets.
Dealing desk and market making brokers often provide fixed spreads, an indication that the spreads quoted are not from a true, efficient and organic marketplace. For example, the spreads quoted could be adjusted to match the broker’s own exposure to markets, determined by the volume of trade the broker is experiencing at any given time.
Currency Hedger assists clients trading through the MetaQuotes range of platforms, for example, MetaTrader 4 for PCs, MetaTrader 4 for mobile devices and the MetaTrader 4 MultiTerminal. Regarded as the most popular trading platforms globally, MetaTrader 4 allows traders to apply their expert advisors and algorithmic trading methods as ‘plug ins’ into their platform to adjust and perfect their trading plans.
According to BIS (the bank for international settlements) the FX market is responsible for circa $5 trillion of turnover each trading day. The major international banks and financial institutions are responsible for the majority of this turnover. Through Currency Hedger and its ECN – STP model, clients can access this market in order to trade up to 28 currency pairs, from the recognised major currency pairs through to the minor and most exotic.
Currency Hedger has gathered together a team of knowledgeable specialists to provide any assistance new, or experienced traders require when either setting up a new account, or to advise on issues concerning trading platform configuration.
Trading forex offers up unlimited opportunities to access and trade the financial markets. When looking to take advantage of these opportunities an FX broker such as Currency Hedger, offering straight through processing into an electronic configured market, should be the minimum required standard and correct choice, for any traders looking to advance their trading.
Key benefits of FX trading through Currency Hedger’s ECN – STP model:
- Transparent ECN environment
- Comprehensive trading tools
- Economic Calendar
- Live news updates
- Global payment methods
- No dealing desk
- Full STP brokerage
- Variable leverage options
- Very tight Forex spreads
- State of the art charting tools and platforms
- Access to daily technical analysis
- Free Educational materials
- 24/5 Professional Customer Support
Forex trade example
Long position on 1 lot EUR/USD
Open Price = 1.30555
Closing Price = 1.30929
Account Leverage = 1:300
Required Margin to open 1 lot of EUR/USD at a 1:300 leverage* is 435.27 USD.
*ESMA Products Intervention (Maximum Leverage Limits): Please note that starting from 1st of August 2018, temporary leverage limits will be applied to all retail clients in accordance with ESMA Product Intervention rules, regardless the leverage selected during the live account application. For more information click here.
The Buy position (1 lot) was closed (sold) at a 1.30929 Bid price from a 1.30555 open.
Market movement = 1.30929 – 1.30555 = 374 points = 37.4 pips.
1 Pip of EUR/USD (per 1 lot) = $10.
P&L Calculation = $10 x 37.4 = $374
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At currencyhedger.com, the cost of trading currencies is reflected in the bid/ask spread.
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Currencies allow you to speculate on both rising and falling markets.
Our margin requirements differ according to market, asset class and position size. You can find out the specific margin of each instrument in its Market Information Sheet.
You can trade forex at Today Markets 24 hours a day, five days a week.
Currency Hedger is compensated via the spread, which is the difference between the bid and ask prices, as well as commissions for equity CFDs.